Economics · Banking
Which of the following is considered a secondary function (or agency function) of commercial banks?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Advancing loans and advances
- 2Opening current accounts
- 3Accepting fixed deposits
- 4Acting as an agent or trustee for customers✓
Correct answer
Acting as an agent or trustee for customers
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